7-Eleven plans to close more than 600 stores this year
Hundreds of 7-Eleven locations will be shutting their doors or operating just as gas stations within the next 11 months. Fourth-quarter earnings filings by 7-Eleven’s Japanese parent company, Seven & i Holdings, revealed that the retailer will close 645 convenience stores in North America in its fiscal year between March 1, 2026, and Feb. 28, 2027, which was first reported…
7-Eleven to Close Down 645 Stores in North America This Year
The parent company of 7-Eleven is planning to close 645 stores in North America this year.
7-Eleven plans to close over 600 stores this year
Hundreds of 7-Eleven locations will be shutting their doors or operating just as gas stations within the next 11 months. Fourth-quarter earnings filings by 7-Eleven’s Japanese parent company, Seven & i Holdings, revealed that the retailer will close 645 convenience stores in North America in its fiscal year between March 1, 2026, and Feb. 28, 2027, which was first reported by industry publication C-Store Dive. The closures come as Seven & i Holdings plans to spin off its North American convenience store business with an initial public offering. The IPO was originally planned for 2026 but has been pushed to 2027 at the earliest as the company looks to cut costs and turn around its North American business, according to the Financial Times. Not all of the 645 locations will be closing entirely, as the filing by Seven & i Holdings indicates some are slated for “conversion to wholesale fuel stores.” Some 7-Eleven locations also double as gas stations, so the convenience store portion of the location may be shuttered…
last updated on 15 Apr 21:18